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Healthcare Reform and Insurance Regulations Quiz

#1

Which of the following is not a primary goal of healthcare reform?

Privatizing the healthcare system
Explanation

Opposite of reform goals, it advocates for private healthcare.

#2

What does the acronym ACA stand for in the context of healthcare reform in the United States?

Affordable Care Act
Explanation

Abbreviation for the major healthcare reform legislation.

#3

Which of the following is NOT typically covered by a standard health insurance plan?

Cosmetic surgery for non-medical reasons
Explanation

Excluded from standard coverage, not medically necessary.

#4

What is the purpose of a Health Savings Account (HSA)?

To allow individuals to save money tax-free for medical expenses
Explanation

Tax-free savings for medical expenses.

#5

What is the role of a health insurance broker?

To act as an intermediary between insurance companies and consumers, helping consumers find suitable insurance plans
Explanation

Intermediary assisting in finding suitable insurance plans.

#6

Which government agency oversees the implementation of the Affordable Care Act (ACA) in the United States?

Centers for Medicare & Medicaid Services (CMS)
Explanation

Responsible for managing ACA implementation and healthcare programs.

#7

Which of the following is a key feature of a single-payer healthcare system?

Healthcare coverage is funded and administered by the government.
Explanation

Government manages funding and administration of healthcare coverage.

#8

What is the purpose of medical underwriting in health insurance?

To determine the premiums and coverage based on an individual's health status
Explanation

Assesses health status to set insurance premiums and coverage.

#9

What is 'community rating' in health insurance?

A pricing method where premiums are based on the geographic area or community
Explanation

Premiums determined by geographic location or community.

#10

What is the purpose of Medicaid?

To provide healthcare coverage for low-income individuals and families
Explanation

Offers healthcare coverage for low-income individuals and families.

#11

What is the 'individual mandate' in the context of healthcare reform?

A requirement for individuals to maintain minimum essential health coverage or pay a penalty.
Explanation

Compels individuals to have health coverage or face penalties.

#12

Which of the following is a key provision of the Health Insurance Portability and Accountability Act (HIPAA)?

Protecting individuals' rights to privacy and confidentiality of their health information
Explanation

Ensures privacy and confidentiality of health information.

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